900 Morris Park AveBronx, NY 10462

Property Details for 900 Morris Park Ave

Year built

1989

Lot size

0.16 AC

Property size (Sq ft)

17,605 SF

Zone code

R4-1

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

04094-0001

APU

40940001

Description

This exceptional commercial property, located at 900 Morris Park Ave in the Bronx, NY 10462, presents a unique opportunity for a savvy investor. Priced at $22,000, this 5,600 square foot retail space is ideally suited for a restaurant. Currently set up as a fully operational restaurant, it boasts a complete inventory of commercial-grade equipment, including stoves, walk-in refrigerators, tables, chairs, and all necessary furniture. This turnkey setup allows for immediate operation, eliminating the need for extensive start-up costs and delays. The property features a well-designed layout with both indoor and outdoor seating areas, creating an inviting atmosphere for patrons. A full basement provides ample storage and operational space. Its prime corner location near major hospitals ensures high foot traffic from healthcare professionals, visitors, and local residents. Convenient access to public transportation further enhances its appeal. This is an exceptional opportunity to acquire a fully equipped, high-traffic retail space ready for immediate business success in a thriving Bronx neighborhood. The property is zoned for commercial use and offers significant potential for immediate revenue generation. Don't miss this chance to own a piece of the Bronx's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $3,609,184

  6.5%

  $3,331,554

  7%

  $3,093,586

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,565,418

  Geo Method

  $3,565,418

• Alternative Use

  Use

  Valuation

  Residential

  $3,331,554

  Hospitality

  $3,051,686

  Educational

  $2,538,967

  Medical

  $2,626,286

  Retail

  $3,949,504

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8466

Longitude

-73.859

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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